Asian Trade Continues Slide

Asia's trade slowdown shows no signs of abating and could be getting worse, signaling another leg down for already fragile growth in the region. The WSJ's Alex Frangos has the details.

This transcript has been automatically generated and may not be 100% accurate.

... the ... Asian markets were broadly lower today after data from China showed that exports are basically at a standstill ... welcome to Asia Today Ahmadi the Sanchanta ... with me and Alex Frangos of the law Street Journal economics correspondent in Asia ... to discuss the fate of disappointing trade data that we had a chat today ... um let's first talk about tying a Alix why our exports in July why were they basically and stand for what it does mean well ... basically growth was a was up one percent a year before ... there is that ... it was the ex order to design ... the tree generally in the world is really an erection can get ... you to read bad numbers are in the from Korea and Taiwan which are also is very important reading of ... countries and he'll be the number one reason is euro ... saw ... exports from China to Europe down sixteen percent in July a year before that it's just ... you really really that it's going up a bit of a kind of numbers that we had we back into thousandeight you doubt ... I mean the broken to see more action by eight percent over the site now taken a few more stimulus measures and isn't that what they've been doing so far isn't enough well I think everyone think it's been expecting it here if you're going into more of this year probably solidifies that sense that ... there will be more of you know reserve army cuts view more stimulus government spending ... you know ... whatever it takes just ahead ... of low numbers out of China today that were very disappointing in its assigned ... to them the mechanism that any huge he has used in the past was great ... getting banks to lend is not working nobody wants to borrow or banks are unwilling to lend to check that out but eater when you're having trouble ... getting the stimulus into the car ... the Chinese consumer to import growth is slowing down in China what's happening to domestic demand in the country is actually holding up ok when you look of the consumer level you see things like car sales and re Telcel's doing ok ... the import number has fallen ... aam agreed to because China brings in stuff ... the parts ... and components that go into I pad to ever listen to get in and re ships and after you've Entergy ... to Europe in ... that drop in imports is a sign ... that ... stuff going out isn't going out and it's also a sign ... that getting in. I really liked the imported in the raw materials to build bridges and high-speed rail and ... that slowing down to so to have a double whammy ... from the picture and the rest of Asia Taiwan today showed that exports actually falling ... and their huge component supplier to the rest of the world would affect me yet what we did this week we had Taiwan and Korea which are kind of the bellwethers of global trade both read in the middle of the electronics supply chain and ... the machinery supply chain autos are but that first report ... and the numbers were were really that night you might step ... by eight percentminus twelve percent for the two them ... on and and that's kind of assignment yet at the beginning of the supply chain and the Chinas B and so ... it seems to indicate that ... is going to be more that ... you can trade numbers coming up in in in coming months ... more broadly what is this mean for the state of the global economic recovery given that everyone was looking to China to try and boost ... it well and they still are there some hope that you know whatever stimulus is not the these two thousandnine that that that stimulus will help help its neighbors help other parts the world can continue to grow up right now we're not seen yet and ... I think what people are and we see maybe ... you later on this year